secwatch / observer
8-K filed September 28, 2023, 7:59 PM ET CIK 0001890107
debt confidence high sentiment neutral materiality 0.75

First Eagle Private Credit Fund: debt financing — First Eagle Private Credit Fund enters $350M loan facility and raises $201M equity via drawdown

First Eagle Private Credit Fund

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

First Eagle Private Credit Fund incurred credit facility of up to a principal amount of $350,000,000 with Morgan Stanley Bank, N.A., as initial lender, certain other lenders, Morgan Stanley Senior Funding, Inc., as administrative agent at three month term SOFR; initial spread is 3.05% per annum for term SOFR advances maturing five (5) years following the Closing Date.

Instrument
credit facility
Principal
up to a principal amount of $350,000,000
Counterparty
Morgan Stanley Bank, N.A., as initial lender, certain other lenders, Morgan Stanley Senior Funding, Inc., as administrative agent
Rate
three month term SOFR; initial spread is 3.05% per annum for term SOFR advances
Maturity
five (5) years following the Closing Date
Event
incurrence
Exact text from the filing
The Loan Agreement provides for secured borrowings during the revolving period of up to a principal amount of $350,000,000
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

First Eagle Private Credit Fund entered into Loan Agreement with Morgan Stanley Bank, N.A., as initial lender, Morgan Stanley Senior Funding, Inc., as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent and U.S. Bank National Association, as account bank and collateral custodian valued at $350,000,000 (effective 2023-09-22).

Action
entry
Agreement
credit facility
Counterparty
Morgan Stanley Bank, N.A., as initial lender, Morgan Stanley Senior Funding, Inc., as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent and U.S. Bank National Association, as account bank and collateral custodian
Value
$350,000,000
Effective
2023-09-22
Exact text from the filing
entered into a loan and servicing agreement (the “ Loan Agreement ”) with Morgan Stanley Bank, N.A., as initial lender, certain other lenders from time to time party thereto, Morgan Stanley Senior Funding, Inc., as administrative agent (the “ Administrative Agent ”), U.S. Bank Trust Company, National Association, as collateral agent and U.S. Bank National Association, as account bank and collateral custodian.
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-245813
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